NetScout Systems (NASDAQ:NTCT) was downgraded by BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Saturday.

A number of other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of NetScout Systems from a “buy” rating to a “sell” rating in a research note on Thursday, November 2nd. Craig Hallum dropped their price objective on shares of NetScout Systems from $30.00 to $28.00 and set a “hold” rating on the stock in a research note on Thursday, October 26th. B. Riley reiterated a “buy” rating and set a $36.00 price objective on shares of NetScout Systems in a research note on Friday, October 27th. Piper Jaffray Companies started coverage on shares of NetScout Systems in a research note on Monday, November 13th. They set an “overweight” rating and a $34.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $33.00 price objective on shares of NetScout Systems in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. NetScout Systems presently has an average rating of “Hold” and a consensus target price of $29.67.

Shares of NetScout Systems (NASDAQ NTCT) opened at $27.55 on Friday. The stock has a market cap of $2,260.00, a P/E ratio of 153.06, a PEG ratio of 1.87 and a beta of 1.60. NetScout Systems has a 12 month low of $25.75 and a 12 month high of $38.47. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.51 and a current ratio of 1.60.

NetScout Systems (NASDAQ:NTCT) last posted its quarterly earnings data on Thursday, October 26th. The technology company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $256.90 million for the quarter, compared to analyst estimates of $251.13 million. NetScout Systems had a negative net margin of 0.96% and a negative return on equity of 0.44%. The business’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 earnings per share. sell-side analysts forecast that NetScout Systems will post 1.59 EPS for the current fiscal year.

NetScout Systems announced that its board has authorized a share repurchase program on Thursday, October 26th that authorizes the company to buyback 25,000,000 shares. This buyback authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

In other news, EVP John Downing sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $28.17, for a total transaction of $84,510.00. Following the completion of the sale, the executive vice president now owns 88,821 shares of the company’s stock, valued at $2,502,087.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael Szabados sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $28.19, for a total transaction of $140,950.00. Following the sale, the insider now directly owns 43,424 shares of the company’s stock, valued at approximately $1,224,122.56. The disclosure for this sale can be found here. 3.51% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in NTCT. Goldman Sachs Group Inc. boosted its holdings in NetScout Systems by 59.0% in the second quarter. Goldman Sachs Group Inc. now owns 3,517,277 shares of the technology company’s stock worth $120,994,000 after purchasing an additional 1,305,337 shares during the period. Turtle Creek Asset Management Inc. boosted its holdings in NetScout Systems by 59.7% in the third quarter. Turtle Creek Asset Management Inc. now owns 3,073,380 shares of the technology company’s stock worth $99,424,000 after purchasing an additional 1,148,671 shares during the period. Dimensional Fund Advisors LP boosted its holdings in NetScout Systems by 25.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,941,213 shares of the technology company’s stock worth $135,580,000 after purchasing an additional 799,553 shares during the period. SQN Investors LP acquired a new position in NetScout Systems in the second quarter worth $16,269,000. Finally, Koch Industries Inc. acquired a new position in NetScout Systems in the second quarter worth $368,000.

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About NetScout Systems

NetScout Systems, Inc (NetScout) provides operational intelligence and performance analytics for service assurance and cyber security solutions. The Company’s solutions are used in various service provider, enterprise and government networks. Its nGenius and Infinistream technologies, along with certain product lines from the acquired businesses, enable information technology (IT) organizations to manage service delivery quality, and identify and address business service performance issues and security threats.

Analyst Recommendations for NetScout Systems (NASDAQ:NTCT)

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